The updated framework mandates KYC filing once every three years with strict timelines. Non-compliance leads to DIN deactivation and late fees.
The issue involved arbitrary estimation of income at 20% and 5% of turnover. The Tribunal reduced it to 4% due to lack of supporting comparables and considering business realities. The key takeaway is that estimation must be reasonable and justified.
The analysis highlights how gender diversity has become central to ESG frameworks and corporate governance. It emphasizes that inclusive boards improve transparency, decision-making, and sustainability outcomes.
This article explains how SRCs are evolving to address broader stakeholder concerns. The key takeaway is that companies must go beyond compliance for effective governance.
This article explains how AI tools may provide outdated tax advice under the new law. The key takeaway is that relying on unverified AI responses can lead to penalties.
This article explains legal options for recovering debts when borrowers relocate from the UAE to India. The key takeaway is that structured strategy and documentation are essential for enforcement.
Retrospective cancellation of registration was held to be invalid as the scheme of Act did not permit cancellation of registration under Section 12AA(3) with retrospective effect in absence of explicit statutory authority.
ITAT Delhi held that approval from the PCCIT or PDGIT is mandatory, as provided u/s 35(2AB)(iv) of the Act. Since such mandatory approval of R&D facility from the PCCIT or PDGIT was not obtained by the assessee therefore, weighted deduction u/s 35(2AB) of the Act cannot be allowed.
This article examines the gap between strong GDP figures and underlying economic weaknesses. The takeaway is that headline growth may not reflect real financial health.
Delhi High Court held that property acquired from proceeds of crime before Prevention of Money Laundering Act can be attached u/s. 5(1) since possession continued after Prevention of Money Laundering Act came into force.
